The slope of the budget line, where good Y is on the vertical axis and good X is on the horizontal axis, is constant and equal to

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    minus 1 times the consumers marginal rate of substitution (MRP)..
     minus 1 times the ratio of the prices of the two goods in the market basket.
     minus 1 times the number of units of X that must be given up I order to be able to purchase one additional unit of Y, or -?Y/?X.
     Both 2 and 3.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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Both 2 and 3.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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